The position involves determining and implementing new accounts payable (AP) processes within the accounting system to ensure accurate and timely posting of invoices. The role requires routine monitoring and revision of these processes as needed. Additionally, the position focuses on improving approval processes within the new accounting system to ensure timely payments and alignment with company initiatives. The individual will oversee the outsourced AP team to ensure the timely and accurate preparation of weekly payment runs, including checks, ACH, and wires, and will determine and implement any necessary modifications to outgoing payments. The role also includes auditing vendor files, responding to vendor inquiries, and resolving discrepancies. Furthermore, the individual will oversee the outsourced AP team subledger reconciliation process, ensuring compliance with company procurement policies, spending limits, and approval hierarchies. Acting as a liaison between the finance team and restaurant/general managers to resolve AP issues is also a key responsibility. The position requires researching and analyzing causes of service interruptions and implementing corrective actions to the processes. Collaboration with operations teams and other stakeholders to streamline accounting processes and maintain strong financial controls is essential. The role also involves managing end-to-end accounts receivable (AR) processes performed by the outsourced AR team, including billing, collections, cash applications, and reconciliations across multiple restaurants. The individual will monitor these processes and implement changes to create efficiencies, handle escalated collection issues, and negotiate payment terms with clients. Identifying and implementing process improvements and automation tools in the AR system to ensure timely recognition of payments is also a critical aspect of the role.